SoftBank seeks a second $10bn loan against its OpenAI stake

SoftBank is pursuing an additional $10 billion loan secured by its OpenAI stake, following a similar $10 billion margin loan that closed on 6 August after a four-month negotiation. The loan is part of a broader effort to refinance a $40 billion unsecured bridge facility, which must be repaid or refinanced by March 2027, and complements earlier financing that includes a $6.3 billion retail bond and ongoing discussions of a potential $20 billion bond issuance.